2008年以来中美参与国际金融监管体制改革及比较研究

发布时间：2018-01-07 20:33

本文关键词：2008年以来中美参与国际金融监管体制改革及比较研究　出处：《华中师范大学》2013年硕士论文　论文类型：学位论文

【摘要】：2007年由美国次贷危机引发的全球金融危机,来势凶猛,演变迅速,颇似“泰山崩于前”,至今仍令人心惊。在应对危机、拯救金融秩序的同时,人们始终在反思,为什么会发生金融危机,如何防范金融危机,国际金融体系究竟出了什么问题?重建与经济发展相适应的金融秩序以及为此所必须的国际金融监管改革就成为了各国政府和各国际金融机构、组织工作的焦点,当下“百年未遇”的国际金融危机催生着前所未有的金融监管改革。与以往发生过的金融危机相比,2008年发生的金融危机具有新的特点,通过这些新特点,我们可以探寻金融监管改革的趋向。此次金融危机是脱离实体经济发展需要的金融杠杆无以复加的使用,并穿透着各个金融市场。风险在各个市场间传递的同时又被放大,风险的累计导致了“系统性崩溃”,这集中体现在以次级住房抵押贷款这一基础金融产品衍生化的过程中。此次金融危机是资产价格泡沫,尤其是房地产价格泡沫破裂而导致的恐慌性去杠杆化。在资产价格形成的过程中,美联储为刺激经济繁荣而长期奉行的低利率政策及宽松的房地产政策则加速了资产价格泡沫的破裂。此次国际金融危机是在经济全球化的背景下发生的,与国际金融市场一体化紧密相连,与全球经济失衡存在密切的关系。面对金融危机下的种种问题,如何在金融监管环节上进行有效的控制,不仅需要具体的规范细则,而且需要功能强大和执行有力的机构。唯此才能将金融监管改革落到实处。金融危机爆发后,金融监管改革就从国际和国家两个层次同时展开。国际金融稳定理事会(论坛)等国际金融组织做出了努力,对金融监管改革进行了广泛、深入的研究。以美国为首的西方国家和以中国为主的新兴经济体都提出了对国际金融监管体制改革的方案。从某个方面而言,发达国家与发展中国家对国际金融危机的相互指责转变为对国际金融监管体制改革主导权的相互争夺。不断勃兴的国际金融监管体系改革呼声将对国际金融环境产生影响,也为我国参与国际金融秩序的重建提供了重要的战略机遇。本次的金融监管改革将对我国建设具有前瞻性的监管体系产生深远而积极的影响,为我国参与国际金融监管改革提供了重要的启示。
[Abstract]:In 2007, the global financial crisis caused by the subprime mortgage crisis in the United States, came ferocious and evolved rapidly, much like "Mount Tai collapsed in the front", which is still alarming. While dealing with the crisis and rescuing the financial order, it is still alarming. People are always reflecting on why there is a financial crisis, how to prevent the financial crisis, and what is wrong with the international financial system? The reconstruction of the financial order and the necessary reform of international financial supervision have become the focus of the work of governments and international financial institutions. At present, the international financial crisis "never encountered in a hundred years" spawned unprecedented financial regulatory reform. Compared with the previous financial crisis, the financial crisis in 2008 has new characteristics. Through these new features, we can explore the trend of financial supervision reform. And penetrate the various financial markets. Risk is transmitted between the various markets, but also magnified, the accumulation of risk led to "systemic collapse." This is concentrated in the process of derivative of the underlying financial product, subprime mortgage. The financial crisis is an asset price bubble. Especially the panic deleveraging caused by the bursting of the real estate price bubble. The collapse of the asset price bubble was accelerated by the Fed's long-held policy of low interest rates and loose real estate policies to stimulate economic prosperity. The international financial crisis took place against a backdrop of economic globalization. It is closely related to the integration of international financial markets and to global economic imbalances. In the face of various problems under the financial crisis, how to effectively control the links of financial supervision, not only need specific rules and regulations. And it needs powerful and enforceable institutions. Only then can financial regulatory reform be put into practice. After the financial crisis broke out. The reform of financial supervision has been carried out at the same time at the international and national levels. The International Financial Stability Council (IFSC) and other international financial organizations have made great efforts to reform the financial supervision. Deep research. Western countries led by the United States and emerging economies dominated by China have proposed a plan for the reform of the international financial regulatory system. The recriminations between developed and developing countries towards the international financial crisis have turned into a struggle for the leadership of the reform of the international financial regulatory system. The booming voice of the reform of the international financial regulatory system will have an impact on the international financial environment. Have an impact. It also provides an important strategic opportunity for China to participate in the reconstruction of the international financial order. This financial regulatory reform will have a profound and positive impact on the construction of a forward-looking regulatory system in China. It provides important enlightenment for our country to participate in the reform of international financial supervision.
【学位授予单位】：华中师范大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：D813.4;F830.99

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